According to IMARC Group's latest report, titled “Medical Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global medical footwear market size reached US$ 10.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Medical footwear refers to garments that are especially designed to help in the treatment of numerous foot-related medical ailments. It assists with various health conditions, such as plantar fasciitis, arthritis, bunions and hallux valgus, and Achilles tendonitis.
Individuals diagnosed with diabetes and flat feet also use this product. It ensures proper blood circulation in the patients’ body while offering improved support to their feet. In recent years, medical footwear has gained popularity across the globe as it can also be customized as per the specific requirements of consumers.
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What are the growth prospects and trends in the global industry?
One of the primary factors driving the market is the increasing number of individuals diagnosed with foot-related issues, including corns, foot and ankle injuries, flat feet, and arthritis. Nowadays, individuals are also increasingly investing in good-quality medical footwear that offers a cushion to the entire foot while providing support, mobility, and healthy blood circulation.
Other than this, military combats performing high-intensity outdoor activities, long-distance runners, and sports enthusiasts are more prone to knee pain and ankle sprains, thus requiring medical footwear to recover and heal feet.
Besides this, poorly controlled blood sugar levels among individuals can damage the nerves and vessels present in the feet and legs, leading to the development of peripheral neuropathy. On account of this, diabetes patients prefer the adoption of medical footwear. Moreover, expanding income levels of the masses, in confluence with the easy availability of this product through various pharmacies and online retail channels, is catalyzing the global medical footwear market growth.
Competitive Landscape With Key Players:
The competitive landscape of the medical footwear market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Aetrex Worldwide Inc.
- Darco International Inc. (Wright Medical Group N.V.)
- Djo LLC (Colfax Corporation)
- Dr. Foot Inc.
- Dr. Zen Inc.
- Drewshoe Incorporated
- Duna Srl
- Gravity Defyer Corp.
- Horng Shin Footwear Co.
- Mephisto S.A.S
- New Balance Inc.
- Orthofeet Inc.
- Podartis srl
Key Market Segmentation:
The report has segmented the global medical footwear market based on end user, distribution channel and region.
Breakup by End User:
- Men
- Women
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report With TOC List of Figures: https://www.imarcgroup.com/medical-footwear-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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